Security News

July 17, 2019

Cloud growth fuels IBM profit beat, shares rise

This post was originally published on this siteInternational Business Machines Corp beat analysts’ estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading.
July 17, 2019

Global drone market estimated to reach $14 billion over next decade: study

This post was originally published on this siteThe worldwide non-military drone market, dominated by manufacturers in China, will triple in size to $14.3 billion in sales over the next decade, a study released on Wednesday said, even as U.S. officials warn of national security risks.
July 17, 2019

Netflix shares tumble as it misses global subscriber forecasts

This post was originally published on this siteNetflix Inc added fewer quarterly subscribers than Wall Street expected and its U.S. customer base shrank as its programming failed to draw new viewers, jarring investors ahead of looming competition.
July 17, 2019

Party Like a Russian, Carder’s Edition

This post was originally published on this site “It takes a certain kind of man with a certain reputation To alleviate the cash from a whole entire nation…” KrebsOnSecurity has seen some creative yet truly bizarre ads for dodgy services in the cybercrime underground, but the following animated advertisement for a popular credit card fraud shop likely takes the cake. The name of this particular card shop won’t be mentioned here, and its various domain names featured in the video have been pixelated so as not to further promote the online store in question. But points for knowing your customers, […]
July 17, 2019

EBay beats estimates as more shoppers flock to site, shares rise

This post was originally published on this siteEBay Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers, sending its shares up 5%.
July 17, 2019

Netflix adds fewer-than-expected subscribers in second quarter; shares tumble

This post was originally published on this siteNetflix Inc added fewer paid subscribers than expected in the second quarter as the video streaming pioneer raised prices in some of its major markets, including the United States, sending its shares down nearly 10% in extended trading.
July 17, 2019

Qualcomm set to face second EU antitrust fine shortly: sources

This post was originally published on this siteQualcomm , the world’s no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said.
July 17, 2019

Italy to drop emergency legislation on 5G golden powers

This post was originally published on this siteItaly has bowed to pressure from Chinese telecoms equipment makers Huawei Technologies and ZTE and will drop emergency legislation strengthening state powers to intervene in the development of 5G services, lawmakers said on Wednesday.
July 17, 2019

Smaller cryptocurrencies feel pain as criticism of Facebook’s Libra grows

This post was originally published on this siteBitcoin hasn’t been the only casualty of the backlash by the world’s major economic powers against Facebook’s plans for a cryptocurrency, with smaller digital coins also feeling the burn.
July 17, 2019

Explainer: What is the EU’s antitrust investigation into Amazon about?

This post was originally published on this siteThe European Commission has opened a formal antitrust investigation to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.
July 17, 2019

Consensus among G7 ministers to tackle Facebook’s Libra: French chair

This post was originally published on this siteG7 ministers meeting in France on Wednesday agreed on the need to confront the emergence of digital currencies following Facebook’s plans to launch its Libra digital coin, a French G7 presidency source said on Wednesday.
July 17, 2019

Italy’s government to drop emergency legislation on 5G golden powers: lawmakers

This post was originally published on this siteThe Italian government has dropped plans to pass an emergency decree strengthening its powers on deals regarding the rolling out of fifth-generation (5G) telecom services, lawmakers said on Wednesday.
July 17, 2019

U.S. lawmakers challenge Facebook over Libra cryptocurrency plan

This post was originally published on this siteU.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted.
July 17, 2019

Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

This post was originally published on this siteFacebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.
July 17, 2019

IMF says regulators must address possible risks from Facebook’s Libra

This post was originally published on this siteFacebook Inc’s planned cryptocurrency Libra could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential “backdoor dollarization,” the IMF’s chief economist said on Wednesday.
July 17, 2019

G7 finance chiefs pour cold water on Facebook’s digital coin plans

This post was originally published on this siteGroup of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.
July 17, 2019

Poland proposes tightening 5G security standards

This post was originally published on this sitePoland has proposed tightening its cyber security standards and could ban certain products or suppliers from key parts of a future 5G network, the country’s digital ministry said in a document published on Wednesday.
July 17, 2019

Huawei says Italy’s new 5G powers discriminate against it

This post was originally published on this siteChinese telecoms equipment group Huawei Technologies criticised the Italian government’s newly beefed-up powers to intervene in the development of fifth-generation (5G) telecom services, saying they discriminated against the company.
July 17, 2019

German finance minister: Libra cryptocurrency must wait for regulatory clarity

This post was originally published on this siteFacebook cannot go ahead with its plans to launch its digital coin Libra until all regulatory issues are dealt with, German Finance Minister Olaf Scholz said on Wednesday as he met with counterparts from G7 countries.
July 17, 2019

Amazon under EU antitrust fire over use of merchant data

This post was originally published on this siteAmazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants’ data, underlining the increasing regulatory scrutiny about how tech companies exploit customers’ information.
July 17, 2019

Spotify launches an in-app Disney Hub to lure more fans

This post was originally published on this siteSpotify Technology SA said on Wednesday it will devote a prominent spot in its music streaming app to Walt Disney Co’s extensive music library with songs like “Let It Go” and “A Whole New World.”
July 17, 2019

ZTE says Italy’s new powers to intervene in 5G will delay deployment

This post was originally published on this siteChinese telecom equipment firm ZTE Corp warned on Wednesday that the Italian government’s newly strengthened power to intervene in the development of fifth-generation telecoms networks may further delay 5G mobile services in the country.
July 17, 2019

France says Facebook’s Libra not yet viable as G7 minister meet

This post was originally published on this siteFrance said on Wednesday the conditions were not ripe for Facebook to go ahead with plans for its Libra digital coin, as G7 finance ministers gathered north of Paris on Wednesday for a meeting focused on reining in the powers of big tech giants.
July 17, 2019

‘Wizard’ cybersecurity expert charged with record hack of Bulgarian tax agency

This post was originally published on this siteA 20-year-old Bulgarian cybersecurity worker has been arrested on suspicion of involvement in a hacking attack that stole millions of taxpayers’ personal and financial data, officials said on Wednesday.
July 17, 2019

Facebook to face more scrutiny from Congress on Libra

This post was originally published on this siteFacebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.